After three weeks in the sub-5% range, interest rates on 30-year mortgages crept back to that benchmark in the week that ended Thursday, according to the latest survey of lenders by Freddie Mac.
Freddie's report said lenders nationally were committing to make 30-year fixed-rate home loans at an even 5% rate on average.
That average applied to traditional mortgages of as much as $417,000 eligible for purchase by Freddie and its sister firm, Fannie Mae, with a 20% down payment by borrowers with good credit. The borrowers on average paid 0.7% of the loan amount in "points" and other upfront fees.
